Virginia § 55.1-2435 Recovery by escheator of decedent's escheated residue and of property abandoned or derelict; fee

Virginia Statutes

§ 55.1-2435 — Recovery by escheator of decedent's escheated residue and of property abandoned or derelict; fee

Virginia § 55.1-2435

Title 55.1Property and Conveyances

Subtitle VMiscellaneous

Ch. 24Escheats

This text of Virginia § 55.1-2435 (Recovery by escheator of decedent's escheated residue and of property abandoned or derelict; fee) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 55.1-2435 (2026).

Text

The residue of a decedent's estate consisting of real property belonging to the Commonwealth, or subject to escheat to the Commonwealth, and any such property abandoned or derelict, or having no rightful owner, may be recovered from any person in possession thereof by an escheator by a complaint in the name of the Commonwealth. For his services in such recovery, the escheator shall be entitled to such fee as may be approved by the State Treasurer, but in no event shall such fee exceed 10 percent of the value of such recovered property.

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The residue of a decedent's estate consisting of real property belonging to the Commonwealth, or subject to escheat to the Commonwealth, and any such property abandoned or derelict, or having no rightful owner, may be recovered from any person in possession thereof by an escheator by a complaint in the name of the Commonwealth. For his services in such recovery, the escheator shall be entitled to such fee as may be approved by the State Treasurer, but in no event shall such fee exceed 10 percent of the value of such recovered property.